Securities Credit Derivatives

More

  • *Oil slump left Nigeria short of funds to import oil products. LONDON/ ABUJA, March 17- Nigeria is set to ramp up the amount of crude oil it swaps for vital gasoline imports by more than a third as it grapples with the worst economic crisis in years and upheaval in its graft-ridden energy sector. A more than 60 percent drop in global oil prices since 2014 has hammered...

  • SEOUL, March 10- South Korea's central bank kept its policy on hold on Thursday and its chief suggested he was not ready to ease policy soon, dampening bond futures prices and bolstering the won currency. The Bank of Korea's monetary policy committee held the policy rate steady at record-low 1.50 percent for a ninth consecutive month. "We will have to see what oil...

  • NEW YORK, Feb 29- Highly-leveraged U.S. energy companies are struggling to carry out debt swaps as part of their survival strategy because plummeting oil and gas prices make investors either avoid such deals or demand tougher terms. "Investors are less desperate now since they've already taken a lot of the pain," said Roopesh Shah, global chief of Goldman Sachs'...

  • NEW YORK, Feb 11- Goldman Sachs Group Inc has reached a $27.5 million settlement of a class-action lawsuit accusing it of defrauding investors in subprime mortgage offerings that some U.S. senators faulted after investigating causes of the 2008 financial crisis. The preliminary settlement was filed on Thursday in Manhattan federal court, and requires a...

  • TOKYO, Feb 8- Japanese government bond prices slipped on Monday after the Bank of Japan skipped its bond buying operation, forcing traders who were counting on the BOJ's bids to sell their position into the market. The 10- year JGB yield rose 1.5 basis points to 0.040 percent. The price of 10- year JGB futures dipped 0.09 point to 151.31, their first daily decline...

  • TOKYO, Feb 4- Japanese government bonds were mostly steady in cash trading on Thursday with the benchmark yield not far above a record low hit in the previous session, while JGB futures firmed in line with weaker equities. The benchmark 10- year JGB yield was flat at 0.060 percent, a day after it touched a record low of 0.045 percent. "By pushing down interest rates and...

  • TOKYO, Jan 18- Japanese government bonds blossomed on Monday as stocks wilted, sending JGB futures to another record high. Underpinning the market, the Bank of Japan offered to buy a total of 890 billion yen of JGBs, including 450 billion yen in the 5- year to 10- year zone, 260 billion yen in the 10- year to 25- year zone, and 180 billion yen of JGBs maturing in more than 25...

  • TOKYO, Jan 7- Japanese government bond prices gained for the fourth straight session on Thursday, as concerns over Chinese share markets caused investors to flock to the safety of government bonds. The 10- year JGB futures price rose 0.06 point to 149.23, hitting a record high of 149.28 at one point. Signs that the global manufacturing sector is still suffering...

  • Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo& Co and HSBC Holdings Plc were named in the lawsuits filed on Wednesday and Thursday in Manhattan federal court. BNY Mellon was the trustee for over $1 billion in mortgage-backed securities bought by Commerzbank and $1.3 billion of investments tied to a collateralized debt obligation,...

  • Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo& Co and HSBC Holdings Plc were named in the lawsuits filed on Wednesday in Manhattan federal court. BNY Mellon was the trustee for over $1 billion in mortgage-backed securities bought by Commerzbank and $1.3 billion of investments tied to a collateralized debt obligation, Millstone II CDO,...

  • WASHINGTON, Dec 16- The U.S. derivatives regulator on Wednesday approved a final rule for safety margins on uncleared swaps, part of its efforts to drive down excessive risk-taking in the $710 trillion global market. In a 2-1 vote, the Commodity Futures Trading Commission endorsed the rule for those swaps that are traded outside of clearing houses.

  • TOKYO, Dec 10- Japanese government bond prices were little change on Thursday, as investors hesitated to chase the market higher beyond current levels for now. The benchmark 10- year JGB futures were down 0.02 point at 148.61. The yield on the benchmark 10- year cash bond yield rose 0.5 basis point to 0.310 percent.

  • TOKYO, Dec 2- Japanese government bond prices were mostly flat on Wednesday as initial buying following soft U.S. manufacturing data lost steam, with many investors unwilling to chase the market higher near record levels. Ten-year JGB futures ended flat at 148.56. They had risen earlier to 148.66, near a record high of 148.67 touched in January.

  • Look at Apple derivative plays: Analyst

    Neil Campling, global TMT analyst at Aviate Global, says the best way to play on Apple is to look at related stocks.

  • The world’s biggest banks have agreed to tear up the rule book on derivatives to make it easier to resolve a future failing firm like Lehman Brothers.

  • Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Richmond Fed's Jeffrey Lacker said that his dissent from the central bank's exit strategy stemmed from its mortgage-backed securities plan.

  • Warren Buffett called derivatives “financial weapons of mass destruction”

    Warren Buffett famously referred to derivatives as "financial weapons of mass destruction," but unless we accept that residential mortgages are too, the phrase glorifies them into something they are not.

  • Clever finance critters are fleeing from swaps to futures, escaping the new regulatory regime that was a center-piece of Dodd-Frank.

  • man_with_chart_200.jpg

    After the unveiling of Libor rate-rigging practices among banks, eyes are turning to other markets, worrying that the manipulation would not be limited to Libor rates, the New York Times reports.

  • bank_vault_200.jpg

    Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.